On 05/04/2021 17.00, Stan Brown wrote:
> On Mon, 5 Apr 2021 16:09:46 EDT, Michael F. Stemper wrote:
>> If a taxpayer makes a donation in excess of $50.00 to a 501(c)(3)
>> organization, it's my understanding that the organization is supposed
>> to document that donation in the following calendar year, by sending
>> a receipt to the taxpayer.
>> What specific regulation or law is that? I've spent some time looking,
>> but my searches have come up empty.
> I think you came up empty because there is no such requirement. :-)
>>From Pub 1771:
> "A donor cannot claim a tax deduction for any single contribution of
> $250 or more [N.B. $250, not $50] unless the donor obtains a
> contemporaneous, written acknowledgment of the contribution from the
> recipient organization.
> "An organization that does not acknowledge a contribution incurs no
> penalty; but, without a written acknowledgment, the donor cannot
> claim the tax deduction."
I can't claim the deduction without a receipt, but the recipient has no
obligation to provide one? Amazing!
> "Although it's a donor's responsibility to obtain a written
> acknowledgment, an organization can assist a donor by providing a
> timely, written statement containing ..."
On page 2 of that document, above the bit you quoted, it also says:
"A donor cannot claim a tax deduction for any contribution of cash, a
check or other monetary gift unless the donor maintains a record of the
contribution in the form of either a bank record (such as a cancelled
check) or a written communication from the charity [...]"
The first clause of this ("[...] unless the donor maintains a record
[...]") seems to give me an out, since I maintain records of everything,
and my credit union can give me *a copy of* the check. Am I inserting
wishful thinking here, or does this allow me to claim it despite the
fact that the organization failed to give me a receipt?
> I found this by googling
> "charitable contributions" receipt site:irs.gov
I'll try to remember that syntax for the future.
Michael F. Stemper
87.3% of all statistics are made up by the person giving them.